Tech Mahindra Limited has informed the Exchange regarding Board meeting held on July 16, 2025.
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Tech Mahindra's board approved its audited consolidated and standalone financial results for Q1 FY26 on July 16, 2025, with an unmodified audit opinion from B S R & Co. LLP. Consolidated revenue from operations stood at Rs. 133,512 million, up about 2.7% year-on-year from Rs. 130,055 million in Q1 FY25 but slightly lower sequentially from Rs. 133,840 million in Q4 FY25. Profit after tax jumped to Rs. 11,288 million from Rs. 8,648 million a year ago, a growth of roughly 30.5% YoY, lifting basic EPS to Rs. 12.87 from Rs. 9.62. The IT services segment grew modestly to Rs. 112,637 million while the BPS segment dipped slightly to Rs. 20,875 million. The auditor reiterated an Emphasis of Matter on the longstanding erstwhile Satyam case involving disputed alleged advances of Rs. 12,304 million parked in a Suspense Account, which the company expects will not be payable. The company also completed the acquisition of Mahindra Racing UK Limited for GBP 1.2 million and allotted 214,173 shares under ESOP schemes during the quarter.
Strong YoY profit growth driven by margin expansion is a positive for shareholders, but the modest revenue growth and slight sequential dip suggest demand remains uneven. The recurring Satyam Emphasis of Matter is a known overhang but not a new risk; investor focus will be on management commentary and deal pipeline for sustained recovery.